The 2019-2020 budget lays the foundation for a sustainable future. It is about protecting what we have and ensuring future generations of this province will have the opportunity to succeed. This budget represents what New Brunswickers can afford. It preserves programs that provide value for taxpayers and finds efficiencies and improved service delivery wherever possible
FREDERICTON (GNB) – The provincial government tabled a balanced budget today which would see the province’s net debt decrease for the first time in more than a decade.
“Our province is at a crossroads. We cannot continue pushing decisions down the road and risk endangering the future of our province,” said Finance Minister Ernie Steeves. “Today, we are taking the urgent action required to protect New Brunswick’s ability to provide essential programs and services, now and in the long term.”
The 2019-20 budget is balanced with a surplus of $23 million and total spending of $9.823 billion. Although revenues are projected to grow by 1.5 per cent, the budget limits spending growth to 1.3 per cent.